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Ree Automotive Ltd   (REE)
Other Ticker:  
 
 
Price: $5.6100 $-0.04 -0.708%
Day's High: $5.85 Week Perf: -10.81 %
Day's Low: $ 5.51 30 Day Perf: -20.09 %
Volume (M): 9 52 Wk High: $ 13.77
Volume (M$): $ 48 52 Wk Avg: $7.25
Open: $5.60 52 Wk Low: $2.30



 Market Capitalization (Millions $) 55
 Shares Outstanding (Millions) 10
 Employees 13
 Revenues (TTM) (Millions $) -
 Net Income (TTM) (Millions $) -107
 Cash Flow (TTM) (Millions $) -217
 Capital Exp. (TTM) (Millions $) 11

Ree Automotive Ltd

We are focused on advancing the Bear Lodge Rare Earth Element (“REE”) Project located near the town of Sundance in northeast Wyoming. The Bear Lodge REE Project consists of several large, disseminated REE deposits and a proposed hydrometallurgical plant to be located near Upton, Wyoming. The Bear Lodge REE Project is one of the highest-grade REE deposits identified in North America and one of the highest-grade europium deposits in the world. In addition, the Bear Lodge REE Project has a favorable distribution of the remaining critical rare earth elements, which the Company defines as neodymium, praseodymium, dysprosium, terbium and yttrium.

In its development efforts for the Bear Lodge REE Project, the Company has done extensive laboratory bench-scale and pilot plant testing on appropriate metallurgical processes to recover saleable rare earth products and has filed five patents on its metallurgical innovations. Among them, it has pilot tested and filed for patent protection on a rare earth separation technique that modifies conventional solvent extraction (“SX”) methods used for rare earth separation to be more efficient and environmentally sound, involving no waste effluents being discharged from the process. The Company believes that its innovations on conventional SX processing could also apply to other mineral commodities, and is currently investigating opportunities to apply its processing technology to such commodities including uranium, scandium, vanadium and others.

We have placed the Bear Lodge REE Project under care-and-maintenance, and all permitting activities have been suspended. At present, we are focused on raising capital and/or seeking strategic partners to resume our efforts to complete elemental separation test work and technical studies. Based on current permitting timetables and other factors, the Company anticipates it could receive all permits and licenses for the Bear Lodge REE project approximately 12 to 18 months after resuming permitting efforts. If we obtain the requisite financing, the Company’s plan is to resume development activities, including working in parallel (with permitting activities) to advance engineering in preparation for the feasibility study, to gain strategic partners and off-take customers, to evaluate a modular approach to development beginning with a smaller initial production facility and to scale up its REE separation test work in further pilot plant testing. The Company’s ability to begin construction activities on the Project will be subject to (i) the availability of adequate capital, (ii) a positive FS, (iii) securing off-take customers, (iv) obtaining necessary permits and licenses, (v) Board approval, and (vi) other factors.

The Bear Lodge REE Project deposit is located near excellent mining infrastructure, including good road access and a power line within two kilometers of the property. The project site is 100 kilometers east of Gillette, Wyoming, a major infrastructure, support and logistics center for coal mines in the Powder River Basin that should provide for ready access to the required production supplies and materials as well as skilled labor. The deposit is also situated 64 kilometers from the nearest railhead at Upton, Wyoming, allowing access to major distribution channels from the proposed hydrometallurgical plant. The Bear Lodge REE Project has favorable community acceptance, and Wyoming is one of the top-ranked mining jurisdictions globally (based on the Fraser Institute’s 2015 ranking of 122 jurisdictions).



   Company Address: Kibbutz Glil-Yam 4690500
   Company Phone Number: (77) 899-5200   Stock Exchange / Ticker: NASDAQ REE
   REE is expected to report next financial results on March 26, 2024.


Customers Net Income fell by REE's Customers Net Profit Margin fell to

-15.01 %

8.95 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

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Stock Market Announcement

REE Automotive's Successful $14.95 Million Capital Raise and Its Impact on Shareholders

Published Wed, Mar 6 2024 1:00 PM UTC



REE Automotive Ltd, a leading developer of electric and autonomous vehicle platforms, recently announced a substantial capital raise of $14.95 million through the issuance of ordinary shares. With minimal discount, this vibrant development is expected to significantly impact the company's shareholders and reinforces its market position as a forward-thinking player ...

Product Service News

REE Automotive and Airbus UpNext Join Forces to Elevate Sustainable and Electric Mobility

Published Tue, Mar 5 2024 1:30 PM UTC

REE Automotive selected by Airbus UpNext for Technological ExpertiseTEL AVIV, Israel, March 05, 2024 - REE Automotive Ltd. (Nasdaq: REE) has recently been chosen by Airbus UpNext, the wholly-owned innovation subsidiary of Airbus SE, to leverage its expertise in REEcorner and full-by-wire control systems. This collaboration between two industry leaders highlights the growing ...

Shares

REE Automotive Ltd Reinforces Impressive Share Price Surge with Successful Pricing of Public Offering

Published Fri, Mar 1 2024 1:34 PM UTC

REE Automotive Ltd., a leading electric mobility company based in Tel Aviv, Israel, has recently announced the pricing of an underwritten public offering of 2,000,000 Class A ordinary shares. Each ordinary share is being sold at a public offering price of $6.50 per share. The company has also granted the underwriter a 20-day option to purchase up to an additional 300,000 ord...

Product Service News

REE Automotive Introduces Fully-by-Wire Electric Trucks, Shaking Up Work Truck Week 2024

Published Tue, Feb 27 2024 9:30 PM UTC

TEL AVIV, Israel ?? REE Automotive Ltd., the renowned automotive technology company specializing in full by-wire electric trucks and platforms, is set to showcase two groundbreaking configurations of its P7-C fully-by-wire electric truck at Work Truck Week 2024. This event promises to revolutionize the automotive industry, marking a significant milestone for REE as it become...

Product Service News

REE Automotive and Knapheide Collaborate to Launch Cutting-edge Electric Vehicle Solution in the US

Published Thu, Feb 22 2024 1:01 PM UTC

REE Automotive, a leading engineering company specializing in electric vehicle platforms, and Knapheide, a renowned manufacturer of commercial vehicle bodies, have joined forces to introduce an innovative electric vehicle solution to the U.S market. This collaboration is marked by the debut of REE Automotive's Class 4 P7-C demo electric chassis cab, which has been expertly u...






 




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